Gulf Insurance Group KSCP (Kuwait) 2023 Annual Report with Sustainability Disclosures
The report highlights Gulf Insurance Group's (GIG) operational and financial performance for the fiscal year 2023, during which Fairfax Financial Holdings became its majority shareholder with a 90.01% stake. GIG achieved consolidated gross written premiums of KD 885.0 million and a net profit of KD 21.2 million. The Group published its inaugural Sustainability Report, marking a significant milestone as the first insurance company in Kuwait to do so. Additionally, GIG advanced its digital transformation, automated corporate governance processes, and implemented various community-focused CSR initiatives across the MENA region.
Company: Gulf Insurance Group KSCP (Kuwait)
Sector: Finance & insurance
Country: Kuwait
Year: 2023
Type: Annual Report with Sustainability Disclosures
Pages: 76
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Gulf Insurance Group KSCP (Kuwait)
Annual Report
The report highlights Gulf Insurance Group's (GIG) operational and financial performance for the fiscal year 2023, during which Fairfax Financial Holdings became its majority shareholder with a 90.01% stake. GIG achieved consolidated gross written premiums of KD 885.0 million and a net profit of KD 21.2 million. The Group published its inaugural Sustainability Report, marking a significant milestone as the first insurance company in Kuwait to do so. Additionally, GIG advanced its digital transformation, automated corporate governance processes, and implemented various community-focused CSR initiatives across the MENA region.
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Document Details
Report Year
2023
Reporting Period
Jan 1, 2023 - Dec 31, 2023
Fiscal Year
2023
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Employees